 "Eros International tanks over 15% on heavy volumes")
Shares of Eros International Media have tanked 19% to Rs 357 on the BSE after the exchange said that it has sought clarification from the company with reference to the news appeared in The Economic Times, Oct. 25, 2015 titled "Eros International under Wells Fargo's scanner, stock downgraded."
The reply is awaited.
According to Economic Times reports, Eros International, a Bollywood film producer and distributor, has come under attack of a leading Wall Street bank, Wells Fargo.
The investment bank has raised questions about US-listed Eros's continued increase in revenues from the UAE, added report. CLICK HERE TO READ FULL REPORT.
At 11:07 am, the stock was down 18% at Rs 359 on the BSE. The trading volumes on the counter jumped more than 10-fold with a combined 2.33 million shares changed hands on the BSE and NSE so far.
The reply is awaited.
According to Economic Times reports, Eros International, a Bollywood film producer and distributor, has come under attack of a leading Wall Street bank, Wells Fargo.
The investment bank has raised questions about US-listed Eros's continued increase in revenues from the UAE, added report. CLICK HERE TO READ FULL REPORT.
At 11:07 am, the stock was down 18% at Rs 359 on the BSE. The trading volumes on the counter jumped more than 10-fold with a combined 2.33 million shares changed hands on the BSE and NSE so far.